Dow closes up triple digits

By Around the Web

(CNBC) — U.S. stocks closed higher Wednesday, led by gains in health care and energy, after the release of the Fed meeting minutes.

Buying accelerated into the close, with the Dow Jones industrial average ending about 112 points higher with Chevron and Pfizer contributing the most to gains.

The Nasdaq composite outperformed, ending 1.59 percent higher, as shares of jumped 2.7 percent and Apple rose 1.05 percent. The iShares Nasdaq Biotechnology ETF (IBB) surged 5.96 percent for its best day since Aug. 9, 2011. The ETF is still 15.5 percent lower year-to-date.

Leave a Comment